By John Noonan — Oct 12 - 05:40 PM
AUD/USD was clobbered 1.57% lower to 0.6313 as USD broadly gained nL1N3BI2Q0
US yields flew higher after US CPI and weak 30-year Treasury auction nL1N3BI2W6
The rise in US yields weighed on risk assets and risk currencies nL1N3BI3D4
AUD/USD poised to test Oct 3 and the 2023 low at 0.6286
A break below 0.6285 targets the 2022 trend low at 0.6170
Focus now shifts to China with China CPI, PPI and trade numbers out today
If data suggests China's economy is improving, AUD/USD may get a lift
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary